Wall Street gambles on calm, $VIX shorts surge to all-time highs. 7 billion in $SPX call sells that were dated into next week hit the tape Friday.

Fun fact: traders shorts on $VIX are heading towards ATH Shorting VIX (aka “Vol harvesting”) is one of the most popular strategies on Wall Street that can work for a very long time till a sudden jump wipes out many and brings things back to square one https://t.co/2GJr5biqiG pic.twitter.com/0ZDv3wThsy — JustDario 🏊‍♂️ (@DarioCpx) January 9, …

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Germany’s economy is in freefall, yet its biggest insurer still gambles on MicroStrategy’s convertible note.

OUCH! German private sector slides deeper into contraction on services, dealing another blow to an economy grappling with a govt collapse alongside flat-lining growth. The composite PMI dipped to a 9mth low of 47.3 in Nov from 48.6 in Oct – holding below the 50 threshold separating expansion from contraction. Services PMI unexpectedly dropped below 50 …

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